Primis Financial Corp. (FRST) 10-Year Financial Performance & Capital Metrics

FRST • • Banking & Credit

Financial ServicesRegional BanksCommercial & Business BankingCommercial & Corporate Banking

AboutPrimis Financial Corp. operates as the bank holding company for Primis Bank that provides a range of financial services to individuals and small and medium sized businesses in the United States. Its deposit products include checking, NOW, savings, and money market accounts, as well as certificates of deposits. The company also offers commercial business and real estate, construction, secured asset based, small business administration, mortgage warehouse lending products, as well as financing for medical, dental, and veterinary businesses; residential mortgage, trust mortgage, home equity lines of credit, secured and unsecured personal, and consumer loans, as well as life insurance premium financing and demand loans. It also offers cash management services comprising investment/sweep, zero balance, and controlled disbursement accounts; and wire transfer, employer/payroll processing, night depository, depository transfer, merchant, ACH origination, and remote deposit capture services. In addition, the company provides debit cards, ATM services, notary services, and mobile and online banking. As of December 31, 2021, it operated forty full-service branches in Virginia and Maryland. The company was formerly known as Southern National Bancorp of Virginia, Inc. and changed its name to Primis Financial Corp. Primis Financial Corp. was founded in 2004 and is based in McLean, Virginia.Show more

Net Interest Income $104M +5.6%
Total Revenue $254M +6.8%
Net Income -$16M -106.9%
Return on Equity -4.25% -113.4%
Net Interest Margin 2.82% +10.3%
Efficiency Ratio 49.44% -4.1%
ROA -0.43% -103.6%
Equity / Assets 9.89% -4.1%
Book Value per Share 14.78 -8.2%
Tangible BV/Share 10.64 -9.8%
Debt/Equity 0.35 -12.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 49.4% efficiency ratio
✓Healthy dividend yield of 2.9%
✓Trading near 52-week high
✓Trading at only 0.9x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y20.34%

5Y14.28%

3Y27.12%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM129.2%

EPS CAGR

10Y-

5Y-

3Y-

TTM-8.36%

ROCE

10Y Avg5.11%

5Y Avg1.02%

3Y Avg-1.49%

Latest-5.26%

Peer Comparison

Commercial & Corporate Banking

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TCBITexas Capital Bancshares, Inc.	4.49B	98.37	76.85	-1.72%	4.4%	7.92%	9.27%	0.46
BANCBanc of California, Inc.	3.15B	20.87	40.13	24.65%	6.78%	6.01%	2.04%	0.67
DBDeutsche Bank AG	74.26B	38.87	28.37	11.78%	5.07%	7.18%		1.91
HTHHilltop Holdings Inc.	2.2B	35.83	20.59	2.5%	7.35%	7.2%	12.14%	0.61
SFBSServisFirst Bancshares, Inc.	4.28B	78.31	18.82	17.89%	23.26%	14.33%	5.8%	1.27
CMAComerica Incorporated	11.69B	91.51	18.23	-4.95%	13.98%	10.57%	3.83%	1.02
BOKFBOK Financial Corporation	8.08B	127.69	15.69	10.4%	15.57%	8.91%	15.59%	0.80
CNOBConnectOne Bancorp, Inc.	1.37B	27.26	15.49	6.06%	13.8%	3.98%	4.15%	0.63

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	36.62M	40.31M	67.92M	91.07M	83.6M	91.56M	94.1M	101.7M	98.71M	104.22M
NII Growth %	0.1%	0.1%	0.68%	0.34%	-0.08%	0.1%	0.03%	0.08%	-0.03%	0.06%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	43.7M	48.95M	83.57M	118.91M	120.52M	117.69M	113.14M	123.29M	192.62M	210.97M
Interest Expense	7.08M	8.63M	15.65M	27.84M	36.92M	26.14M	19.04M	21.59M	93.91M	106.75M
Loan Loss Provision	3.17M	4.91M	7.87M	1.59M	-1.19M	19.45M	-5.8M	11.27M	32.54M	50.62M
Non-Interest Income+	2.32M	1.71M	5.02M	8.48M	9.86M	13.7M	10.56M	18.35M	45.25M	43.14M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	46.02M	50.66M	88.59M	127.39M	130.38M	131.4M	123.71M	141.64M	237.87M	254.11M
Revenue Growth %	0.15%	0.1%	0.75%	0.44%	0.02%	0.01%	-0.06%	0.14%	0.68%	0.07%
Non-Interest Expense	21.82M	21.71M	49.49M	54.65M	56.59M	67.09M	70.9M	91.45M	122.6M	125.64M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	13.96M	15.41M	15.57M	43.3M	38.05M	18.72M	39.57M	17.33M	-11.18M	-28.9M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.24%	0.1%	0.01%	1.78%	-0.12%	-0.51%	1.11%	-0.56%	-1.64%	-1.59%
Pretax Income+	13.96M	15.41M	15.57M	43.3M	38.05M	18.72M	39.57M	17.33M	-11.18M	-28.9M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	4.67M	5.09M	13.15M	9.61M	5.89M	4.14M	8.68M	3.19M	-1.07M	-4.24M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	9.29M	10.31M	2.42M	33.69M	33.17M	22.98M	31.11M	14.15M	-7.83M	-16.2M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.24%	0.11%	-0.76%	12.89%	-0.02%	-0.31%	0.35%	-0.55%	-1.55%	-1.07%
Net Income (Continuing)	9.29M	10.31M	2.42M	33.69M	32.16M	14.58M	30.88M	14.15M	-10.11M	-24.66M
EPS (Diluted)+	0.75	0.83	0.13	1.39	1.36	0.96	1.26	0.57	-0.32	-0.66
EPS Growth %	0.19%	0.11%	-0.84%	9.69%	-0.02%	-0.29%	0.31%	-0.55%	-1.56%	-1.06%
EPS (Basic)	0.76	0.84	0.13	1.40	1.38	0.96	1.28	0.58	-0.32	-0.66
Diluted Shares Outstanding	12.33M	12.42M	18.68M	24.27M	24.32M	24.36M	24.6M	24.67M	24.69M	24.69M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	30.34M	47.39M	23.75M	27.82M	31.93M	196.19M	530.17M	77.86M	77.55M	64.5M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	929.01M	1.02B	2.32B	2.41B	2.42B	2.61B	2.61B	3.19B	3.48B	3.34B
Investments Growth %	0.16%	0.1%	1.28%	0.04%	0%	0.08%	-0%	0.23%	0.09%	-0.04%
Long-Term Investments	924.8M	1.01B	2.16B	2.27B	2.26B	2.46B	2.33B	2.96B	3.25B	3.16B
Accounts Receivables	0	0	0	0	1000K	1000K	1000K	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	10.51M	10.51M	100.75M	101.95M	101.95M	101.95M	101.95M	104.61M	93.46M	93.46M
Intangible Assets	1.09M	874K	10.05M	8.61M	7.19M	5.83M	4.46M	13.72M	12.66M	8.73M
PP&E (Net)	8.88M	8.23M	35.79M	32.35M	39.2M	37.82M	36.28M	30.59M	31.26M	29.71M
Other Assets	49.56M	50.45M	106.61M	106.95M	100.52M	98.19M	104.72M	127.34M	136.72M	131.05M
Total Current Assets	34.55M	51.31M	184.43M	171.19M	204.96M	369.42M	813.38M	314.17M	305.97M	243.22M
Total Non-Current Assets	1B	1.09B	2.43B	2.53B	2.52B	2.72B	2.59B	3.25B	3.55B	3.45B
Total Assets+	1.04B	1.14B	2.61B	2.7B	2.72B	3.09B	3.41B	3.57B	3.86B	3.69B
Asset Growth %	0.13%	0.1%	1.29%	0.03%	0.01%	0.13%	0.1%	0.05%	0.08%	-0.04%
Return on Assets (ROA)	0.01%	0.01%	0%	0.01%	0.01%	0.01%	0.01%	0%	-0%	-0%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	84.38M	95M	407.75M	238.73M	199.68M	239.63M	211.49M	432.52M	160.72M	128.56M
Net Debt	54.05M	47.61M	383.99M	210.92M	167.75M	43.45M	-318.68M	354.67M	83.17M	64.05M
Long-Term Debt	15M	0	56.66M	56.67M	56.68M	215.33M	195.03M	420.31M	145.99M	113.07M
Short-Term Debt	69.38M	95M	351.08M	182.06M	134.52M	16.07M	9.96M	6.45M	3.04M	3.92M
Other Liabilities	6.8M	8.12M	18.58M	16.67M	20.54M	25.88M	20.77M	22.7M	28.08M	25.54M
Total Current Liabilities	894.67M	1.01B	2.22B	2.28B	2.26B	2.45B	2.77B	2.73B	3.27B	3.17B
Total Non-Current Liabilities	21.8M	8.12M	75.24M	73.34M	85.69M	249.45M	222.29M	448.78M	185.75M	150.18M
Total Liabilities	916.47M	1.02B	2.29B	2.35B	2.34B	2.7B	3B	3.18B	3.46B	3.33B
Total Equity+	119.64M	126.34M	322.77M	348.29M	377.24M	390.55M	411.88M	388.97M	397.59M	364.98M
Equity Growth %	0.05%	0.06%	1.55%	0.08%	0.08%	0.04%	0.05%	-0.06%	0.02%	-0.08%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.08%	0.08%	0.01%	0.1%	0.09%	0.06%	0.08%	0.04%	-0.02%	-0.04%
Book Value per Share	9.70	10.17	17.27	14.35	15.51	16.03	16.74	15.77	16.11	14.78
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	122K	123K	239K	240K	241K	243K	245K	246K	247K	247K
Additional Paid-in Capital	104.39M	104.88M	304.93M	305.65M	306.75M	308.87M	311.13M	312.72M	313.55M	314.69M
Retained Earnings	15.73M	22.13M	18.75M	44.98M	69.46M	77.96M	97.56M	101.85M	84.14M	58.05M
Accumulated OCI	-610K	-789K	-1.15M	-2.59M	783K	3.48M	1.11M	-25.85M	-21.78M	-21.23M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	12.22M	18.02M	24.59M	41.44M	36.76M	26.2M	27.32M	12.43M	28.82M	19.53M
Operating CF Growth %	0.06%	0.47%	0.36%	0.69%	-0.11%	-0.29%	0.04%	-0.54%	1.32%	-0.32%
Net Income	9.29M	10.31M	2.42M	33.69M	32.16M	14.58M	31.02M	14.15M	-10.11M	-24.66M
Depreciation & Amortization	1.29M	981K	4.63M	7.4M	8.18M	8.19M	8.04M	7.43M	9.09M	8.93M
Deferred Taxes	2.13M	29K	9.69M	3.12M	1.48M	-1.41M	6.05M	-3.3M	-3.7M	-4.27M
Other Non-Cash Items	-1.03M	2.2M	5.22M	-359K	-4.84M	12.53M	-10.48M	-16.82M	33.4M	42.7M
Working Capital Changes	214K	4.25M	2.38M	-2.7M	-645K	-9.24M	-8.06M	10.58M	-577K	-4.1M
Cash from Investing+	-127.04M	-95.59M	-62.01M	-93.7M	-5.02M	-200.81M	10.53M	-616.86M	-312.76M	108.3M
Purchase of Investments	-18.27M	-46.05M	-13.2M	0	-60.4M	-54.13M	-160.53M	-39.44M	-15.88M	-43.07M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	24.02M	0	0	0	0	-4.55M	0	0
Other Investing	-126.03M	-107.95M	-95.24M	-112.04M	-4.81M	-243.97M	115.97M	-622.32M	-324.35M	114.4M
Cash from Financing+	106.83M	94.62M	15.49M	55.4M	-28.43M	338.87M	296.21M	152.1M	283.63M	-140.88M
Dividends Paid	-6.36M	-3.92M	-5.8M	-7.69M	-8.69M	-9.74M	-9.81M	-9.85M	-9.88M	-9.89M
Share Repurchases	-721K	0	0	0	0	-135K	-14K	-11K	-31K	-4K
Stock Issued	707K	135K	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	-1000K	-1000K	1000K	-1000K	1000K	-1000K	-1000K
Other Financing	83.58M	77.54M	-195.8M	232.11M	27.8M	311.78M	332.14M	-43.78M	568.14M	-97.78M
Net Change in Cash+	-7.98M	17.06M	-21.93M	3.15M	3.32M	164.26M	333.98M	-452.31M	-306K	-13.05M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	38.32M	30.34M	47.39M	25.46M	28.61M	31.93M	196.19M	530.17M	77.86M	77.55M
Cash at End	30.34M	47.39M	25.46M	28.61M	31.93M	196.19M	530.17M	77.86M	77.55M	64.5M
Interest Paid	6.79M	8.29M	14.57M	26.13M	36M	27.99M	20.23M	20.19M	91.82M	107.2M
Income Taxes Paid	2.99M	4.6M	3.67M	6.67M	4.9M	7.69M	6.15M	3.05M	5.75M	2.34M
Free Cash Flow+	11.91M	17.88M	23.16M	39.47M	35.66M	25.11M	24.86M	11.42M	26.89M	18.34M
FCF Growth %	0.13%	0.5%	0.3%	0.7%	-0.1%	-0.3%	-0.01%	-0.54%	1.35%	-0.32%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	7.95%	8.38%	1.08%	10.04%	9.14%	5.99%	7.75%	3.53%	-1.99%	-4.25%
Return on Assets (ROA)	0.95%	0.95%	0.13%	1.27%	1.22%	0.79%	0.96%	0.41%	-0.21%	-0.43%
Net Interest Margin	3.53%	3.53%	2.6%	3.37%	3.07%	2.96%	2.76%	2.85%	2.56%	2.82%
Efficiency Ratio	47.41%	42.85%	55.87%	42.9%	43.4%	51.06%	57.31%	64.56%	51.54%	49.44%
Equity / Assets	11.55%	11.06%	12.35%	12.89%	13.86%	12.64%	12.09%	10.91%	10.31%	9.89%
Book Value / Share	9.7	10.17	17.27	14.35	15.51	16.03	16.74	15.77	16.11	14.78
NII Growth	9.59%	10.08%	68.47%	34.08%	-8.2%	9.52%	2.78%	8.07%	-2.94%	5.58%
Dividend Payout	68.46%	38.02%	239.09%	22.82%	26.2%	42.37%	31.52%	69.64%	-	-

Frequently Asked Questions

Growth & Financials

Primis Financial Corp. (FRST) grew revenue by 6.8% over the past year. This is steady growth.

Yes, Primis Financial Corp. (FRST) is profitable, generating $3.0M in net income for fiscal year 2024 (-6.4% net margin).

Dividend & Returns

Yes, Primis Financial Corp. (FRST) pays a dividend with a yield of 2.91%. This makes it attractive for income-focused investors.

Primis Financial Corp. (FRST) has a return on equity (ROE) of -4.3%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Primis Financial Corp. (FRST) has a net interest margin (NIM) of 2.8%. NIM has been under pressure due to interest rate environment.

Primis Financial Corp. (FRST) has an efficiency ratio of 49.4%. This is excellent, indicating strong cost control.

US Stock Screener

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Primis Financial Corp. (FRST) 10-Year Financial Performance & Capital Metrics

FRST • • Banking & Credit

Financial ServicesRegional BanksCommercial & Business BankingCommercial & Corporate Banking

Net Interest Income $104M +5.6%
Total Revenue $254M +6.8%
Net Income -$16M -106.9%
Return on Equity -4.25% -113.4%
Net Interest Margin 2.82% +10.3%
Efficiency Ratio 49.44% -4.1%
ROA -0.43% -103.6%
Equity / Assets 9.89% -4.1%
Book Value per Share 14.78 -8.2%
Tangible BV/Share 10.64 -9.8%
Debt/Equity 0.35 -12.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 49.4% efficiency ratio
✓Healthy dividend yield of 2.9%
✓Trading near 52-week high
✓Trading at only 0.9x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y20.34%

5Y14.28%

3Y27.12%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM129.2%

EPS CAGR

10Y-

5Y-

3Y-

TTM-8.36%

ROCE

10Y Avg5.11%

5Y Avg1.02%

3Y Avg-1.49%

Latest-5.26%

Peer Comparison

Commercial & Corporate Banking

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TCBITexas Capital Bancshares, Inc.	4.49B	98.37	76.85	-1.72%	4.4%	7.92%	9.27%	0.46
BANCBanc of California, Inc.	3.15B	20.87	40.13	24.65%	6.78%	6.01%	2.04%	0.67
DBDeutsche Bank AG	74.26B	38.87	28.37	11.78%	5.07%	7.18%		1.91
HTHHilltop Holdings Inc.	2.2B	35.83	20.59	2.5%	7.35%	7.2%	12.14%	0.61
SFBSServisFirst Bancshares, Inc.	4.28B	78.31	18.82	17.89%	23.26%	14.33%	5.8%	1.27
CMAComerica Incorporated	11.69B	91.51	18.23	-4.95%	13.98%	10.57%	3.83%	1.02
BOKFBOK Financial Corporation	8.08B	127.69	15.69	10.4%	15.57%	8.91%	15.59%	0.80
CNOBConnectOne Bancorp, Inc.	1.37B	27.26	15.49	6.06%	13.8%	3.98%	4.15%	0.63

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	36.62M	40.31M	67.92M	91.07M	83.6M	91.56M	94.1M	101.7M	98.71M	104.22M
NII Growth %	0.1%	0.1%	0.68%	0.34%	-0.08%	0.1%	0.03%	0.08%	-0.03%	0.06%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	43.7M	48.95M	83.57M	118.91M	120.52M	117.69M	113.14M	123.29M	192.62M	210.97M
Interest Expense	7.08M	8.63M	15.65M	27.84M	36.92M	26.14M	19.04M	21.59M	93.91M	106.75M
Loan Loss Provision	3.17M	4.91M	7.87M	1.59M	-1.19M	19.45M	-5.8M	11.27M	32.54M	50.62M
Non-Interest Income+	2.32M	1.71M	5.02M	8.48M	9.86M	13.7M	10.56M	18.35M	45.25M	43.14M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	46.02M	50.66M	88.59M	127.39M	130.38M	131.4M	123.71M	141.64M	237.87M	254.11M
Revenue Growth %	0.15%	0.1%	0.75%	0.44%	0.02%	0.01%	-0.06%	0.14%	0.68%	0.07%
Non-Interest Expense	21.82M	21.71M	49.49M	54.65M	56.59M	67.09M	70.9M	91.45M	122.6M	125.64M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	13.96M	15.41M	15.57M	43.3M	38.05M	18.72M	39.57M	17.33M	-11.18M	-28.9M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.24%	0.1%	0.01%	1.78%	-0.12%	-0.51%	1.11%	-0.56%	-1.64%	-1.59%
Pretax Income+	13.96M	15.41M	15.57M	43.3M	38.05M	18.72M	39.57M	17.33M	-11.18M	-28.9M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	4.67M	5.09M	13.15M	9.61M	5.89M	4.14M	8.68M	3.19M	-1.07M	-4.24M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	9.29M	10.31M	2.42M	33.69M	33.17M	22.98M	31.11M	14.15M	-7.83M	-16.2M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.24%	0.11%	-0.76%	12.89%	-0.02%	-0.31%	0.35%	-0.55%	-1.55%	-1.07%
Net Income (Continuing)	9.29M	10.31M	2.42M	33.69M	32.16M	14.58M	30.88M	14.15M	-10.11M	-24.66M
EPS (Diluted)+	0.75	0.83	0.13	1.39	1.36	0.96	1.26	0.57	-0.32	-0.66
EPS Growth %	0.19%	0.11%	-0.84%	9.69%	-0.02%	-0.29%	0.31%	-0.55%	-1.56%	-1.06%
EPS (Basic)	0.76	0.84	0.13	1.40	1.38	0.96	1.28	0.58	-0.32	-0.66
Diluted Shares Outstanding	12.33M	12.42M	18.68M	24.27M	24.32M	24.36M	24.6M	24.67M	24.69M	24.69M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	30.34M	47.39M	23.75M	27.82M	31.93M	196.19M	530.17M	77.86M	77.55M	64.5M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	929.01M	1.02B	2.32B	2.41B	2.42B	2.61B	2.61B	3.19B	3.48B	3.34B
Investments Growth %	0.16%	0.1%	1.28%	0.04%	0%	0.08%	-0%	0.23%	0.09%	-0.04%
Long-Term Investments	924.8M	1.01B	2.16B	2.27B	2.26B	2.46B	2.33B	2.96B	3.25B	3.16B
Accounts Receivables	0	0	0	0	1000K	1000K	1000K	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	10.51M	10.51M	100.75M	101.95M	101.95M	101.95M	101.95M	104.61M	93.46M	93.46M
Intangible Assets	1.09M	874K	10.05M	8.61M	7.19M	5.83M	4.46M	13.72M	12.66M	8.73M
PP&E (Net)	8.88M	8.23M	35.79M	32.35M	39.2M	37.82M	36.28M	30.59M	31.26M	29.71M
Other Assets	49.56M	50.45M	106.61M	106.95M	100.52M	98.19M	104.72M	127.34M	136.72M	131.05M
Total Current Assets	34.55M	51.31M	184.43M	171.19M	204.96M	369.42M	813.38M	314.17M	305.97M	243.22M
Total Non-Current Assets	1B	1.09B	2.43B	2.53B	2.52B	2.72B	2.59B	3.25B	3.55B	3.45B
Total Assets+	1.04B	1.14B	2.61B	2.7B	2.72B	3.09B	3.41B	3.57B	3.86B	3.69B
Asset Growth %	0.13%	0.1%	1.29%	0.03%	0.01%	0.13%	0.1%	0.05%	0.08%	-0.04%
Return on Assets (ROA)	0.01%	0.01%	0%	0.01%	0.01%	0.01%	0.01%	0%	-0%	-0%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	84.38M	95M	407.75M	238.73M	199.68M	239.63M	211.49M	432.52M	160.72M	128.56M
Net Debt	54.05M	47.61M	383.99M	210.92M	167.75M	43.45M	-318.68M	354.67M	83.17M	64.05M
Long-Term Debt	15M	0	56.66M	56.67M	56.68M	215.33M	195.03M	420.31M	145.99M	113.07M
Short-Term Debt	69.38M	95M	351.08M	182.06M	134.52M	16.07M	9.96M	6.45M	3.04M	3.92M
Other Liabilities	6.8M	8.12M	18.58M	16.67M	20.54M	25.88M	20.77M	22.7M	28.08M	25.54M
Total Current Liabilities	894.67M	1.01B	2.22B	2.28B	2.26B	2.45B	2.77B	2.73B	3.27B	3.17B
Total Non-Current Liabilities	21.8M	8.12M	75.24M	73.34M	85.69M	249.45M	222.29M	448.78M	185.75M	150.18M
Total Liabilities	916.47M	1.02B	2.29B	2.35B	2.34B	2.7B	3B	3.18B	3.46B	3.33B
Total Equity+	119.64M	126.34M	322.77M	348.29M	377.24M	390.55M	411.88M	388.97M	397.59M	364.98M
Equity Growth %	0.05%	0.06%	1.55%	0.08%	0.08%	0.04%	0.05%	-0.06%	0.02%	-0.08%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.08%	0.08%	0.01%	0.1%	0.09%	0.06%	0.08%	0.04%	-0.02%	-0.04%
Book Value per Share	9.70	10.17	17.27	14.35	15.51	16.03	16.74	15.77	16.11	14.78
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	122K	123K	239K	240K	241K	243K	245K	246K	247K	247K
Additional Paid-in Capital	104.39M	104.88M	304.93M	305.65M	306.75M	308.87M	311.13M	312.72M	313.55M	314.69M
Retained Earnings	15.73M	22.13M	18.75M	44.98M	69.46M	77.96M	97.56M	101.85M	84.14M	58.05M
Accumulated OCI	-610K	-789K	-1.15M	-2.59M	783K	3.48M	1.11M	-25.85M	-21.78M	-21.23M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	12.22M	18.02M	24.59M	41.44M	36.76M	26.2M	27.32M	12.43M	28.82M	19.53M
Operating CF Growth %	0.06%	0.47%	0.36%	0.69%	-0.11%	-0.29%	0.04%	-0.54%	1.32%	-0.32%
Net Income	9.29M	10.31M	2.42M	33.69M	32.16M	14.58M	31.02M	14.15M	-10.11M	-24.66M
Depreciation & Amortization	1.29M	981K	4.63M	7.4M	8.18M	8.19M	8.04M	7.43M	9.09M	8.93M
Deferred Taxes	2.13M	29K	9.69M	3.12M	1.48M	-1.41M	6.05M	-3.3M	-3.7M	-4.27M
Other Non-Cash Items	-1.03M	2.2M	5.22M	-359K	-4.84M	12.53M	-10.48M	-16.82M	33.4M	42.7M
Working Capital Changes	214K	4.25M	2.38M	-2.7M	-645K	-9.24M	-8.06M	10.58M	-577K	-4.1M
Cash from Investing+	-127.04M	-95.59M	-62.01M	-93.7M	-5.02M	-200.81M	10.53M	-616.86M	-312.76M	108.3M
Purchase of Investments	-18.27M	-46.05M	-13.2M	0	-60.4M	-54.13M	-160.53M	-39.44M	-15.88M	-43.07M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	24.02M	0	0	0	0	-4.55M	0	0
Other Investing	-126.03M	-107.95M	-95.24M	-112.04M	-4.81M	-243.97M	115.97M	-622.32M	-324.35M	114.4M
Cash from Financing+	106.83M	94.62M	15.49M	55.4M	-28.43M	338.87M	296.21M	152.1M	283.63M	-140.88M
Dividends Paid	-6.36M	-3.92M	-5.8M	-7.69M	-8.69M	-9.74M	-9.81M	-9.85M	-9.88M	-9.89M
Share Repurchases	-721K	0	0	0	0	-135K	-14K	-11K	-31K	-4K
Stock Issued	707K	135K	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	-1000K	-1000K	1000K	-1000K	1000K	-1000K	-1000K
Other Financing	83.58M	77.54M	-195.8M	232.11M	27.8M	311.78M	332.14M	-43.78M	568.14M	-97.78M
Net Change in Cash+	-7.98M	17.06M	-21.93M	3.15M	3.32M	164.26M	333.98M	-452.31M	-306K	-13.05M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	38.32M	30.34M	47.39M	25.46M	28.61M	31.93M	196.19M	530.17M	77.86M	77.55M
Cash at End	30.34M	47.39M	25.46M	28.61M	31.93M	196.19M	530.17M	77.86M	77.55M	64.5M
Interest Paid	6.79M	8.29M	14.57M	26.13M	36M	27.99M	20.23M	20.19M	91.82M	107.2M
Income Taxes Paid	2.99M	4.6M	3.67M	6.67M	4.9M	7.69M	6.15M	3.05M	5.75M	2.34M
Free Cash Flow+	11.91M	17.88M	23.16M	39.47M	35.66M	25.11M	24.86M	11.42M	26.89M	18.34M
FCF Growth %	0.13%	0.5%	0.3%	0.7%	-0.1%	-0.3%	-0.01%	-0.54%	1.35%	-0.32%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	7.95%	8.38%	1.08%	10.04%	9.14%	5.99%	7.75%	3.53%	-1.99%	-4.25%
Return on Assets (ROA)	0.95%	0.95%	0.13%	1.27%	1.22%	0.79%	0.96%	0.41%	-0.21%	-0.43%
Net Interest Margin	3.53%	3.53%	2.6%	3.37%	3.07%	2.96%	2.76%	2.85%	2.56%	2.82%
Efficiency Ratio	47.41%	42.85%	55.87%	42.9%	43.4%	51.06%	57.31%	64.56%	51.54%	49.44%
Equity / Assets	11.55%	11.06%	12.35%	12.89%	13.86%	12.64%	12.09%	10.91%	10.31%	9.89%
Book Value / Share	9.7	10.17	17.27	14.35	15.51	16.03	16.74	15.77	16.11	14.78
NII Growth	9.59%	10.08%	68.47%	34.08%	-8.2%	9.52%	2.78%	8.07%	-2.94%	5.58%
Dividend Payout	68.46%	38.02%	239.09%	22.82%	26.2%	42.37%	31.52%	69.64%	-	-

Frequently Asked Questions

Growth & Financials

Primis Financial Corp. (FRST) grew revenue by 6.8% over the past year. This is steady growth.

Yes, Primis Financial Corp. (FRST) is profitable, generating $3.0M in net income for fiscal year 2024 (-6.4% net margin).

Dividend & Returns

Yes, Primis Financial Corp. (FRST) pays a dividend with a yield of 2.91%. This makes it attractive for income-focused investors.

Primis Financial Corp. (FRST) has a return on equity (ROE) of -4.3%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Primis Financial Corp. (FRST) has a net interest margin (NIM) of 2.8%. NIM has been under pressure due to interest rate environment.

Primis Financial Corp. (FRST) has an efficiency ratio of 49.4%. This is excellent, indicating strong cost control.